Commerce Past Questions And Answers
Land as a factor of production comprises?
- A. all resources provided by nature
- B. the earth surface only
- C. land surface and vegetation
- D. efforts to exploit the earth
Social responsibility of an organization to?
- A. tackle the socio-economic problem of its community
- B. meet the needs of its community
- C. contribute to sustaining and developing its community
- D. operate without disrupting the very essence of the enviroment
The information on terms of carriage of mails is mails is found in?
- A. Business journal
- B. post office gulde
- C. trade directory
- D. service manual
Rail transport is less flexible than road transport because?
- A. rail lines run between specific terminals
- B. train is slow over long distances
- C. only bulky goods are carried by rails
- D. road transport is suitable for short distands
(a) Explain the following services provided by NIPOST: (i) Business Reply Service (ii) Express Delivery (iii) Poste Restante (iv) Cash on Delivery (v) Recorded Delivery
(b) State five ways in which communication is important to commerce.
View Discussion (0)WAEC 1992 THEORYA common element in all contracts is?
- A. offer
- B. consideration
- C. acceptance
- D. agreement
When a company buys up firms supplying it with raw materials, this is an example of
- A. horizontal integration
- B. a holding company
- C. backward integration
- D. consortium
Which of the following is a creditor legally bound to accept for settlement of a debt?
- A. Bank draft
- B. Bank note
- C. Money order
- D. Cheque
The number of times the average stock of a business is sold within a given period is?
- A. turnover
- B. rate of turnover
- C. sales return
- D. current ratio
The wealth of a nation depends on the volume of its?
- A. bilateral trade activities
- B. commercial activities
- C. multilateral trade activities
- D. stock market